Barclays India - VisualBee
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Transcript of Barclays India - VisualBee
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Group-8
Mujtaba Mir & Abhik Chakraborty -Documentation & PPT
Akshay, Kevin and Avinash Presentation
Ankush, Nishant and Pulkit - Research
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Barclays -Introduction
Extensive international presence in Europe, the
USA, Africa and Asia.
Barclays operates in over 50 countries and employsover 140,000 people.
Barclays moves, lends, invests and protects money
for over 49 million customers and clientsworldwide.
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Idea Feasibility- Based on Education Loan Domain
Education Loan Sector:
Booming sector
Growth Rate of 12%
As of October 2011 , the education loans taken
amounted to 48,965 crs.
Attracting student should be marketed as a
unique functional account .
Reinforce the bank's status as the leader in
innovation.
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Gaps found
Exit from retail banking
No products for education sector.
No micro finance options.
Loan approval process( inconvenience in
documentation )
No Education / Career counseling especially in
abroad career opportunities.
Lack of convenient repayment options.
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Barclays IndiaCan Barclays do it?
Barclays commercial customers operationstarted in November 2006.
Barclays Corporate, India is focused on
servicing the needs of:o large Indian corporates
o the corporates in the SME sector
o Indian companies looking to grow overseas.
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Barclays Indias Product Mix
Personal Banking:
Loans
Accounts and Deposits
NRI Banking
Credit Cards
Self Banking
Premier Banking
Corporate Banking Loans & financing
Deposits
Payments and Cash Managemen
Trade Finance
Treasury Solutions
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Current Players in Education Industry
Currently there are many banks which provide
educations like:
SBI
HDFC
ING
Canara Bank
ICICI
And many more.
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Design Linked to Market Wants
a. Loan cap raised.
b. Loan tenure increased.
c. Hassle free service.
d. Premium services unlike any other:
I. International Repayment options.
II. International Student Debit Card
III. Tie up with existing national offers
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STP
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Barclays Edu Loan- A Prototype of the Idea
Education Loan up to 75 lakhs for foreign education only.
Loan available up to a tenure of 10 yrs.
Loan repayment after 1 yr. of course completion or 6
months after obtaining employment which ever is earliest
Tax rebate on entire interest amount paid towards
education loan.
Provide free accounts to students opting for UK and USA.
Lower rates (-.25%) for premier institutes( e.g. AMBA
Accreditation)
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Barclays Edu Loan- Service Attributes( Comparison with other Education Loans)
Rate of interest will be floating rate of interest linked to Benchmark Prime Lending Rate (BPLR +
1%)
The interest will be calculated using Simple Interest Rate
Tax Rebate: Income tax benefit for an education loan is available under section 80E of the income
tax act
Facilitate instant funds transfer.
Provide cheque book and international debit card.
Loan Repayment within 7 years extendable up to 10 yrs.
Repayment in abroad locations/ foreign exchange .
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Education Loan Service
Spread is determined on the risk profile
Vary on account of a number of factors such as student's academic
background
Employability of the selected course from a selected college and country of
study
Financial strength of the co-borrower
Loan repayment capability
Credit history
Collateral offered or not
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Eligibility
Borrower must be an Indian citizen.
Co-borrower must be an Indian citizen.
Borrower must be 18 years of age or older.
Co-borrower must have a bank account in any bank
in India with check writing facilities.
Confirmed admission in the colleges before
disbursement.
Collateral land ,house , bank account
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Test Marketing
Approach existing Barclays customers.
Test Responses and rethink on services
included if necessary.
Talk to education consultancy firms
about the viability of service.
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Foreign Language Coaching Centers
TOEFL/IELTS Exam Centers
SAT/GRE/GMAT Coaching Centers
Tie up with Airlines.
Packaged Deals
Tie up with Foreign Calling Cards.
Ways to develop Business:
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